Regal Investment Advisors LLC Purchases New Shares in Chubb Limited (NYSE:CB)

Regal Investment Advisors LLC acquired a new stake in Chubb Limited (NYSE:CB) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 819 shares of the financial services provider’s stock, valued at approximately $209,000.

Several other large investors have also recently added to or reduced their stakes in the company. Invst LLC acquired a new position in shares of Chubb in the second quarter valued at about $220,000. Northwestern Mutual Wealth Management Co. boosted its holdings in Chubb by 1.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 25,696 shares of the financial services provider’s stock valued at $6,555,000 after purchasing an additional 486 shares during the period. Nemes Rush Group LLC grew its position in shares of Chubb by 2.4% during the 2nd quarter. Nemes Rush Group LLC now owns 56,799 shares of the financial services provider’s stock worth $14,488,000 after purchasing an additional 1,305 shares in the last quarter. Magnolia Capital Advisors LLC bought a new position in shares of Chubb during the second quarter worth approximately $13,182,000. Finally, Creative Planning raised its position in shares of Chubb by 9.2% in the second quarter. Creative Planning now owns 141,320 shares of the financial services provider’s stock valued at $36,048,000 after buying an additional 11,891 shares in the last quarter. Institutional investors own 83.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on CB shares. Bank of America increased their price target on Chubb from $257.00 to $264.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 24th. Keefe, Bruyette & Woods raised their price target on Chubb from $304.00 to $305.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. JPMorgan Chase & Co. boosted their price target on Chubb from $266.00 to $286.00 and gave the company a “neutral” rating in a research note on Thursday, July 11th. Roth Mkm increased their price objective on shares of Chubb from $280.00 to $300.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. Finally, Royal Bank of Canada boosted their target price on shares of Chubb from $285.00 to $295.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $274.70.

Chubb Stock Performance

Shares of CB stock opened at $291.33 on Thursday. The firm has a market capitalization of $118.30 billion, a price-to-earnings ratio of 12.93, a PEG ratio of 5.74 and a beta of 0.66. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.20. The business’s 50-day moving average price is $280.30 and its 200-day moving average price is $265.38. Chubb Limited has a 12 month low of $204.15 and a 12 month high of $294.18.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, July 23rd. The financial services provider reported $5.38 EPS for the quarter, topping the consensus estimate of $5.04 by $0.34. Chubb had a net margin of 18.14% and a return on equity of 15.77%. The business had revenue of $13.36 billion for the quarter, compared to the consensus estimate of $13.04 billion. During the same period last year, the company earned $4.92 EPS. The firm’s revenue was up 11.8% compared to the same quarter last year. Equities research analysts forecast that Chubb Limited will post 21.21 EPS for the current year.

Chubb Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Investors of record on Friday, September 13th will be paid a $0.91 dividend. The ex-dividend date is Friday, September 13th. This represents a $3.64 annualized dividend and a dividend yield of 1.25%. Chubb’s dividend payout ratio is 16.16%.

Insider Activity at Chubb

In other Chubb news, CEO Evan G. Greenberg sold 30,537 shares of Chubb stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $287.25, for a total transaction of $8,771,753.25. Following the transaction, the chief executive officer now directly owns 583,982 shares of the company’s stock, valued at approximately $167,748,829.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider John J. Lupica sold 15,000 shares of the stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $285.49, for a total transaction of $4,282,350.00. Following the completion of the sale, the insider now directly owns 103,950 shares in the company, valued at $29,676,685.50. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Evan G. Greenberg sold 30,537 shares of the business’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $287.25, for a total transaction of $8,771,753.25. Following the completion of the transaction, the chief executive officer now owns 583,982 shares in the company, valued at approximately $167,748,829.50. The disclosure for this sale can be found here. Insiders sold 86,636 shares of company stock worth $24,874,208 over the last three months. Company insiders own 0.86% of the company’s stock.

Chubb Company Profile

Chubb Limited provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, casualty, workers' compensation, package policies, risk management, financial lines, marine, construction, environmental, medical risk, cyber risk, surety, and casualty; and group accident and health insurance to large, middle market, and small commercial businesses.